Greece is a popular destination for expats, particularly those drawn to its rich history and warm climate. Rental prices in Greece can vary widely depending on the location and type of property you’re interested in. In general, rental prices are lower in Greece than in many other Western European countries, making it an attractive option for expats.
In Athens, the capital city and one of the most popular destinations for expats, average rental prices range from €700 to €1,500 per month for a one-bedroom apartment. Two-bedroom apartments can cost between €1,200 and €2,000 per month.
In popular tourist destinations such as Crete, Mykonos, and Santorini, rental prices can be higher due to their popularity and limited supply. On these islands, one-bedroom apartments can cost between €800 and €1,500 per month, while two-bedroom apartments can cost upwards of €1,500.
Rental Caps in Greece
There are no rental caps in place in Greece. This means that landlords are free to set the rent at any level they choose, subject to market demand.
Deposit and Return Rules
When renting a property in Greece, it’s typical to pay a deposit equal to one or two months’ rent. This deposit is usually returned at the end of the tenancy, provided that the property is in good condition and there are no outstanding issues such as unpaid rent or damage to the property.
In Greece, tenants and landlords are required to sign a contract that outlines the terms of the tenancy, including the rental amount, deposit, and any other relevant details. This contract is a legally binding agreement, so it’s important to read it carefully and make sure you understand the terms before signing.
Price and Availability Changes
The price and availability of rentals in Greece can change throughout the year. During the summer months, demand for rental properties on the popular tourist islands is higher, which can result in higher prices and a reduced availability of properties. Conversely, during the winter months, prices may be lower and more properties may be available for rent.
In Athens, rental prices and availability are less affected by seasonal changes, although demand for rental properties may be higher during the peak tourist season.
Other factors that can impact rental prices and availability in Greece include the state of the economy, changes in immigration policies, and fluctuations in the real estate market. In general, rental prices in Greece are influenced by supply and demand, just like in any other market.
In conclusion, Greece offers a range of rental options for expats, with prices that are generally lower than in many other Western European countries. Whether you’re looking to rent in Athens or one of the popular tourist destinations, it’s important to do your research and understand the local rental market to ensure you find a property that fits your needs and budget.